Distinguish between the classical and the Bayesian approaches to econometrics.

This time, that absent-minded professor is doing an article on empirical methods in economics. She remembers that somewhere in an article, or more likely a published comment, Keynes attacked Tinbergen’s econometric approach. She liked one of Keynes’s comments in that article so much that she jotted it down, but as is her way, she forgot to jot down the citation. The quotation is:

It will be remembered that the seventy translators of the Septuagint were shut up in seventy separate rooms with the Hebrew text and brought out with them, when they emerged, seventy identical translations. Would the same miracle be vouchsafed if seventy multiple correlators were shut up with the same statistical material?